💼 Big bank breach

world’s largest bank hit by ransomware gang… your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 November 10, 2023 | [Read Online]( ☕️ Good Morning. The Fast Five → Powell: Fed is ‘[not confiden](t’ it’s done enough to curb inflation, world’s largest [bank hit]( by ransomware gang, Humane’s wearable [AI pin]( drops 11/16, [Softbank]( posts $6.2 billion loss after WeWork bankruptcy, and ex-Goldman Partner stars in [cabaret]( about life after Wall Street… Here’s your 5-minute briefing for Friday: BEFORE THE OPEN As of market close 11/9/2023. MARKETS: - U.S. stock futures remain largely flat after S&P 500 ends eight-day winning streak. - Wynn Resorts shares drop nearly 5% after weak revenue report from Encore Boston Harbor. - The Trade Desk stock plunges 30% due to disappointing Q4 revenue guidance. - S&P 500, Nasdaq, and Dow all decline around 0.8%, ending multi-day winning streaks. - Federal Chair Powell's comments on inflation trigger stock selloff and bond yield surge. - S&P 500 and Dow poised for modest weekly losses, while Nasdaq holds slight gain. - Focus on preliminary consumer sentiment data and speeches from Fed officials today. EARNINGS - [Full earnings calendar here]( NEWS BRIEFING [Powell Says Fed is ‘Not Confident’ it Has Done Enough to Bring Inflation Down]( Powell stressed the Fed nevertheless can be cautious as the risks between doing too much and too little have come into closer balance. [World’s Largest Bank Hit By Ransomware Gang Linked to Boeing, Ion Attacks - Forced to Trade Via USB Stick]( Incident caused ICBC’s clients to reroute some Treasury trades. ‘A true shock to banks around the world,’ Truesec founder says - US forces under fire in Middle East as America slides towards brink ([more]() - Biden launches ad blitz to counter voter worries on age, economy ([more]() - New US jobless claims edge down; continued claims on the rise ([more]() - Fed’s Barkin, Bostic say full impact of rate hikes to come ([more]() - Individual investors pull most cash from US stocks in two years ([more]() - Growth in business lending stalls as banks tighten purse strings ([more]() - Russian fuel export ban to be lifted next week ([more]() - SoftBank posts $6.2 billion loss after WeWork bankruptcy ([more]() - Vince McMahon plans to unload a big chunk of his shares in WWE parent TKO ([more]() - JPMorgan’s $290M payout to Epstein victims wins approval ([more]() - Cruise begins layoffs, starting with workers who supported driverless operations ([more]() - Thousands line up to try out Elon Musk’s brain chip ([more]() - Citadel’s Griffin, business leaders say AI to change economies ([more]() - Humane’s wearable Ai pin promises an ‘ambient computing’ future for $699 ([watch]() - AI will cut cost of animated films by 90%, Jeff Katzenberg says ([more]() - Amazon dedicates team to train ambitious AI model codenamed 'Olympus' ([more]() TOGETHER WITH CLICKUP Connect your team in minutes. Turn TBD into EOD with [the world’s most powerful productivity tool](. With ClickUp, you can: Automate sprints and routine tasks, Streamline communication in one Workspace, Recover cash spent on multiple work apps! [Try ClickUp today — FREE](. Please support our sponsors! DEALFLOW - Elucid, a medical technology company, raised $80M in Series C funding ([more]() - Summer, a company pioneering a new approach to short-term rentals and vacation home ownership, raised $68M in funding ([more]() - Eleos Health, a company specializing in AI for behavioral health, raised $40M in Series B funding ([more]() - Snaptrude, a startup providing an operating system for architecture, engineering, and construction (AEC) companies, raised $14M in Series A funding ([more]() - Evolv AI, a maker of an intelligent digital experience optimization and personalization platform, raised $13.3M in funding ([more]() - Default, a provider of a platform for inbound sales, revealed a $6.6M in Seed funding closed in late 2021 ([more]() - Flip AI, a provider of an observability intelligence platform, raised $6.5M in Seed funding ([more]() - Jana Care, a developer of at-home self-administered testing technologies for chronic kidney and heart disease management, raised an initial closing of $6M funding round ([more]() - Ghost Autonomy, a company which specializes in scalable autonomy software for consumer cars, raised $5M in funding ([more]() - Forum, a marketplace for peer support groups, raised $5.3M in Seed funding ([more]() - Cromatic, a full-stack digital platform for outsourced life sciences research, closed $5.3M funding round ([more]() - Tidal Cyber, a threat-informed defense company, raised $5M in Seed funding ([more]() - March Biosciences, a clinical stage biotechnology company, raised $4.8M from Cancer Focus Fund ([more]() - AstroBeam, a VR game studio focused on multiplayer, raised $3M in Seed funding ([more]() - Pioneer, a provider of an AI-powered service for climate tech companies, raised $2.9M in Seed funding ([more]() - Betterleave, a provider of a platform that partners with organizations to improve access, experience, and outcomes, while lowering the total cost of bereavement care, raised $2.4M in Seed funding ([more]() - Beck Technology, a provider of a preconstruction platform for contractors, received an investment from Pamlico Capital ([more]() - Bregal Unternehmerkapital made a majority investment in Billbee, a provider of multichannel e-commerce software SaaS solutions for small e-commerce retailers in the DACH region ([more]() - Nubis Communications, a photonics innovator, received an investment from TDK Ventures and Ericsson Ventures ([more]() - IO Connect Services, an AWS advanced tier partner for retail, migration, and DevOps, received a majority growth equity investment from East Los Capital ([more]() - Brentwood Associates, Sixth Street invest in Far West Services ([more]() - Grupo Romero Asset Management launches new Americas Buyouts Fund ([more]() M & A: - LLCP acquires practice groups of Biddle Consulting Group ([more]() - Charger Investment Partners acquires Unitech Composites ([more]() - ParkerGale purchases Gap Intelligence and Deep.ad ([more]() - KKR-backed IVI RMA buys Eugin Group’s North American IVF operations ([more]() - Nordic Capital, a private equity investor, acquired a majority share in IntegriChain, a provider of pharmaceutical technology, data, consulting, and outsourcing solutions ([more]() - Amagi, a provider of in cloud-based SaaS technology for broadcast and connected TV, acquired Tellyo’s Business, a provider of a real-time live cloud remote production, clipping/editing, and social sharing platform ([more]() - LMP-backed Warner Pacific acquires BeneUSA ([more]() - Fox Factory purchases Wheelhouse Holdings from Compass Diversified ([more]() Was this briefing forwarded to you? ([Sign up here](.) CRYPTO - BlackRock filing spurs Ether rally as ETF bets fire up Crypto ([more]() - Stablecoin company Circle going public makes good sense ([more]() - FTX's FTT token almost doubles on Gensler comments ([more]() BULLISH BITES ❓ How well did [Klaviyo, Arm and Instacart]( actually do in their first test on the public markets? 💃 The [ex-Goldman Partner]( singing and dancing about her retirement 📈 The tech stocks that will eventually become the New [Magnificent Seven]( 🎁 Barbie who? Gen Alpha kids ‘[obsessed](’ with skin care could fuel holiday spending 🐝 Interested in [starting your own]( newsletter? Beehiiv makes it simple! DAILY SHARES [tw profile: Wall Street Silver] Wall Street Silver @WallStreetSilv [tw] It's getting glitchy out there Nov 10, 2023 235 Likes 30 Retweets 51 Replies [tw profile: Chris Bakke] Chris Bakke @ChrisJBakke [tw] POV: I just showed up to the office wearing my $700 AI pin Nov 10, 2023 141 Likes 1 Retweet 19 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] Current Earnings Season Mood Nov 9, 2023 224 Likes 13 Retweets 3 Replies [tw profile: Composer] Composer @ComposerTrade [tw] Have Airbnbs become hotels, but less convenient? Nov 9, 2023 685 Likes 48 Retweets 34 Replies Know someone who would enjoy this? [CLICK TO SHARE 🔥Â]( What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Like what you see? [Subscribe Now]( Keep the curation going! [Buy the team a coffee]( ☕️ Have a comment or suggestion for MarketBriefing? We’d love to hear it! 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